accede to the application

Senior Member

Hi,
The laws of the Member States shall also stipulate at least that the reduction shall be void or that no payment may be made for the benefit of the shareholders, until the creditors have obtained satisfaction or a court has decided that their application should not be acceded to.
What is meant by "their application should not be acceded to"?EUR-Lex - 32012L0030 - EN - EUR-Lex
Thanks,